More Government Money Won’t Stimulate Stocks, Experts SayPosted: July 8, 2009
I have to say that I agree with the experts. I also agreed that the first stimulus round was needed, but we will have not used it fully and are still waiting for the effect from the first round. A second round would not change the situation at all and would be total waste. The market will just have to figure it out on its own. We will see a second drop in August. Unemployment will continue to rise for a few more months. It will take years to get back to a normal level.
The only thing that a responsible administration can do is invest into infrasructure for future growth.